A brief comment on the market of China Plastics wa

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On October 15, China Plastics warehouse receipt LLDPE market brief comment

I. Market Overview:

boosted by the rise in international crude oil prices, the LLDPE warehouse receipt opened slightly lower today. After a small decline, the previous index immediately reversed and rose with a small shock. The intraday index continued to rise with a small shock, and the intraregional fluctuation was narrow. After technical adjustment, the LLDPE warehouse receipt index fell slightly and closed slightly higher. In the end, the LLDPE warehouse receipt index closed at 1334.41, Compared with the previous trading day, it rose 2.65 points, the entities of the baldheaded medium and Long Yang line moved up slightly, the rise of the KDJ index Jincha still operated in the overbought area, the MACD index was slightly enlarged, and the opening of the brin line was slightly expanded. In terms of the disk situation, the selection of today's market experiment: the wait-and-see atmosphere is relatively strong, the transaction is poor, the power of the buyer and the seller is relatively balanced, both sides have a lot of open and close positions, the trading volume has shrunk significantly, and the order volume is basically the same as that of the previous trading day

II. Analysis of main varieties: this kind of thing has gradually evolved from the original viewing function to the current application field

ll0712. It is very convenient for the former to be used for construction. After a small decline, the price of the plate immediately reverses and fluctuates upward. The price of the plate gradually stabilizes, with a small fluctuation in the range. The middle and rear plates rise narrowly under the pull of the buyer's power. After the technical adjustment of the late plate, there is a small decline, a small fluctuation, and a gradual stabilization, The market closed slightly higher. For settlement price, the sealing ring or combination pad should be replaced in real time at 12454 yuan/ton, an increase of 21 yuan/ton compared with the previous trading day. The medium and Long Yang line was closed on the daily K-line chart, and the 5-day moving average fell slightly. On the 30 minute K-line chart, the "⊥" line was closed, the trading volume was significantly reduced, and the order volume was slightly reduced

ll0801 fell slightly and then rose slightly. The intraday price fluctuated slightly and stabilized. The middle and rear price rose slightly under the support of the weak power of the buyer, and then gradually stabilized. At the end of the day, it fell slightly, fluctuated narrowly, and closed slightly higher. The settlement price closed at 12505 yuan/ton, an increase of 28 yuan/ton over the previous trading day. The daily K-line chart closed at the Zhongyang line. The 5-day moving average was stable and slightly increased. The trading volume was large, and the order volume increased slightly

III. comprehensive analysis:

due to geopolitical tension, international oil prices hit another record high. WTI and Brent closed at $83.69 and $80.55/barrel, up $0.61 and $0.40/barrel respectively. In terms of spot goods, the market is stable, transactions are general, resources are tight, downstream demand is not strong, market prices are difficult to rise, and traders' mentality is stable. On the whole, the overall market situation has improved slightly since the end of last week, and it is expected that there may be a certain upward space in the aftermarket of China Plastics LLDPE warehouse receipts

(personal view, for reference only; based on this, enter the market at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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